The proposed target comes sans any amnesty scheme Income Tax efiling - Ahead of an uphill collection target for the current financial year (FY18), the income tax department has prepared a...
The pending cases choked Rs 6.11 lakh crore revenue to tax department Faced with "mounting" litigation that has "choked" the revenue stream, the CBDT has formulated an action plan to dispose of about...
Income Tax Returns in Vijayawada Income Tax Returns in Vijayawada Tax It Here has providing services of income tax return in Vijayawada and many from outside, who prefer to use Tax It Here to file...
The move will increase transparency in financial dealings and help check tax evasion Efiling of Income tax - Auditors will now have to disclose details of transactions exceeding Rs 20,000 in...
Consumer goods companies are likely to petition the government against the latest di
Overall advance taxes, both personal and corporate, grew by 11.9% to Rs 58,783 crore Advance tax paid by individuals recorded 40 per cent growth in the first quarter (April-June) of the current...
The department alleged assets were allegedly created by them using a maze of about 4 dozen shell cos Alleged benami assets worth Rs 300 crore of Nationalist Congress Party leader Chagan Bhujbal and...
The shelf prices of most commodities are likely to see a change over the next few weeks GST is finally here! It has caught the nation’s fancy, which is somewhat unprecedented for a change in the tax...
The GST Council, on its part, has relaxed return filing rules for businesses in the first two months. In the run up to July 1 when the GST comes into force, Business Standard spoke to leading market...
While tax authorities permit you to revise your tax return in case of an error Taxpayers are typically cautious and exercise due care while income tax filing (I-T) returns. But very often, in the rush...
Recently, IT department made it clear that without Aadhaar, people will not be able to e-file ITRs Nearly a quarter of 30 crore PAN holders have linked their unique alphanumeric number with Aadhaar...
Ice cream, pan masala and tobacco manufacturers cannot opt for GST composition scheme under which businesses are allowed to pay lower tax rate if their turnover does not exceed Rs 75 lakhAlso, makers...
The tax return document is a requirement that needs to be fulfilled by entrepreneurs and employed people. They have to fill in their income and capital gains every year and submit it to the HM Revenue...
Preparing tax returns is a common as well as compulsory task that every business has to perform every year. Each business has its own demands while preparing such returns. Some business owners may...
Business environment is dynamic in nature and to withstand with this changing environment it is essential to have well planned accounting system. Accounting statements indicates the profit and loss of...